Tag: technical analysis

A little earlier today we covered the decline in bitcoin price throughout yesterday afternoon’s session, and the relatively flat action we saw as we approached the European open for Monday. Action has now matured, and a look at the bitcoin price on an intraday level offers up a...

In what was almost a mirror image of last week’s action, the bitcoin price tumbled on Sunday afternoon from the 245 region from which we closed out last week to just shy of 235 early this morning. Since then, we have had some range action in what looks...

Earlier today we published a technical analysis piece detailing the upward sloping channel through which the bitcoin price was travelling. We highlighted the fact that – from resistance around 248 – we may see a temporary correction, and that this correction would likely halt at the support offered...

Yesterday morning we highlighted the fact that the bitcoin price had formed an ascending triangle at the bottom of what we deemed to be a medium-term downtrend on an intraday timeframe. As the European session closed, we published another piece that indicated the validation of the pattern, and...

An intraday look at the bitcoin price, what we’ve seen so far, and what we expect to see moving forward. Yesterday’s action in the BTCUSD saw the bitcoin price decline just shy of $40, from intraday highs around 268.00 to lows mid evening just ahead of 228.00 flat. Our...

Bitcoin price is continuing to make higher highs which confirm the bullish momentum of the market throughout the past few days. We have been adding up the bullish signals via our daily analysis articles this week. Bitcoin Price Technical Analysis By observing the 1 day Bitfinex BTC/USD charts...

Bitcoin price continued rising today and broke out of the $220 level to trade above $230 throughout most of the day. Today’s buying volume continues to confirm a strong bullish wave that will boost the value of bitcoin even more. By plotting the “William’s Alligator” indicator on the...

During the past 48 hours, we observed the sideways movement of bitcoin price, which reflects the market’s attempt to correct the price. As per our analysis yesterday, the bitcoin price was oscillating between $203-205 and $213-217 creating a slightly downward sloping trend line as the price is attempting...

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